A Fund of Funds (FOF) manager is evaluating the performance of a portfolio through performance attribution analysis. This portfolio includes both equity and fixed-income securities. The goal of this analysis is to determine the influence of the portfolio manager's asset allocation and security selection decisions on the overall performance. The following data has been provided for this purpose:

Asset Class Portfolio Weight Benchmark Weight Portfolio Return Benchmark Return
Equity 58% 50% 8% 11%
Fixed Income 42% 50% 6% 7%

What is the contribution of the portfolio manager's asset allocation decisions to the portfolio's overall excess return?

Asset Class	Portfolio Weight	Benchmark Weight	Portfolio Return	Benchmark Return
Equity	58%	50%	8%	11%
Fixed Income	42%	50%	6%	7%

Exam-Like

-2.16%

9.5%

-1.84%

14.3%

-0.16%

23.8%

0.32%

52.4%

Financial Risk Manager Part 2